China
GDP contracted 7% in Q3
The manufacturing sector growth rebounded thanks to electronics, semiconductors.
GDP contracted 7% in Q3
The manufacturing sector growth rebounded thanks to electronics, semiconductors.
Frasers Property profits expected to sink 70% for FY2020
The company announced significant impacts by COVID-19.
DBS gains regulatory approval to set-up JV securities company in China
It will engage in brokerage and securities investment consulting, amongst other services.
Zheneng Jinjiang Environment secures $375.29m loan facility
The amounts borrowed under the facility will be used for the general corporate purposes of the group.
Capgemini launches flagship programme in China for local SMEs
This is said to help them take advantage of emerging technologies and test out innovations.
Biolidics, LC-Bio team up to develop cancer diagnostic solutions
Biolidics will be LC-Bio's exclusive partner in China for five years.
Yanlord's pre-sales jumped 65% to $5.91b in H1
Sales from Nanjing accounted for 26.6% of the group’s total.
Japfa completes 25% stake sale in AustAsia to Meiji for $354.28m
It will continue to own 75% stake in AustAsia.
Yangzijiang Shipbuilding secures new orders worth $141.95m
These orders include two LNG-tank carriers and two 56,000DWT bulk carriers.
Everbright Water issues $59m worth of asset-backed securities
Proceeds will be used to replenish working capital of the company and its subsidiaries.
China's construction sector to grow 1.8% this year
This is due to the uptick of investment activity in real estate and infrastructure.
Chinese property sales shrink 2.6% YoY in April
The property sector is starting to show more activity as sales recover.
China's exports rose 3.5% YoY in April
The increase in exports is led by Japan, Australia, and Taiwan.
Lendlease appoints new managing director in China
Ding will oversee the growth of the firm’s business in China.
Myanmar's 2020 growth forecast slides to 3.6% amidst pandemic
The garment sector faces a weak outlook due to factory closures. Myanmar's 2020 GDP growth forecast is 3.6% or 2.7 percentage points (ppt) lower than the previous estimate of 6.3%, as the impact caused by the spread of COVID-19 resulted in concurrent global supply and demand shock, according to Fitch Solutions report.
COVID-19 could spur $620b in losses for Asia-Pacific
Inflation and policy rate falls as unemployment rate increases in the region.
COVID-19 decelerates China's auto sales
Government subsidies of $280 to $420 provide limited support to the industry.
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